KAT Exploration Inc (KATX)

[Bophades]

Sellers wearing down. Holders might as well hold after that drop. Nothing is certain at this time except that RS news is a kiss of death in the current OTC market.

I see a few scenarios for the outcome of this ticker -- some hopium included:

1. The RS is implemented and the AS they listed wasn't a mistake, and they dilute over time. Historically with other OTCs that do that this is unfortunately the most likely scenario

2. The RS is implemented. It was possibly proposed to get the price to a dollar upon finalization for an uplist, but they miscalculated shareholders' reactions and now the price after the split wouldn't even be close. Now they're stuck but will try to get the price up for an eventual uplist. Problem is that the float is just so low and would be illiquid.

3. The RS won't be implemented and was never intended to be –– they cancel it before merger news is released. It was a ploy to reduce the share price (knowing how the market responds to RS news) and scooped as many cheap shares on the dump.

Maybe Golkor Inc. is actually conglomerate of mining companies, including Unity. In their filing it did mention the new focus would be on gold mining. Do what you will with that information.